Deutsche Bank’s Chief Administrative Officer Stefan Simon to join AFCA Board
Deutsche Bank Management Board member Stefan Simon is to join the Board of Germany’s “Anti Financial Crime Alliance” (AFCA). The AFCA is a public-private partnership and has established itself as a permanent fixture in terms of the strategic cooperation in the fight against money laundering and terrorist financing in Germany. Together with representatives from German banks, the Financial Intelligence Unit (FIU), the Federal Financial Supervisory Authority (BaFin), and the Federal Criminal Police Office (BKA) founded the AFCA on September 24, 2019. Since then, new members have joined the Alliance, largely from companies representing the non-financial sector.
Founding member HSBC Trinkaus & Burkhardt, represented by Ulrich Goeres, is now handing over its position on the AFCA Board for business realignment reasons. Deutsche Bank is assuming membership on the Board and will be represented by Stefan Simon, who is a member of Deutsche Bank’s Management Board and whose duties – as Chief Administrative Officer – include overseeing Regulatory Affairs, Legal and Governance as well as Compliance and Anti-Financial Crime.
“I am delighted that Deutsche Bank, as a founding member, is now also represented on the AFCA Board. Close, ongoing cooperation between authorities and companies is crucial to stand united in the fight against financial crime and become stronger together,” said Stefan Simon.
The AFCA Board is composed of representatives from authorities and banks, including Germany’s FIU, BaFin and the BKA as well as representatives from the public sector. FIU Director Christof Schulte chairs the Board. On the occasion of the hand-over, Schulte thanked Ulrich Goeres for the important work in the early stages of the AFCA and added: “I am confident that the AFCA stands to gain from Stefan Simon’s membership on the Board and I look forward to continuing our cooperation with him in this role.”
The AFCA Board is responsible for the strategic goals of the public-private partnership and coordinates the work of its current five working groups.
Stefan Simon was appointed to the AFCA’s Expert Committee in January 2021, which he has since chaired. He will be transferring these tasks as he takes on new, Board-related ones to Ulrich Goeres, who will be moving to the Expert Committee and will assume the position of Expert Committee Chair on an interim basis.
Stefan Simon and Alexander von zur Muehlen join DB’s Management Board
As already announced, the Management Board of Deutsche Bank has two additional members as of August 1, 2020: Stefan Simon and Alexander von zur Muehlen. Von zur Muehlen takes on the role as our bank’s Asia Pacific CEO, succeeding Werner Steinmueller who held this position for four years. Stefan Simon remains Chief Administrative Officer (CAO) and thus responsible for relations with the supervisory authorities, regulators and key policymakers (Government & Regulatory Affairs) as well as for the entities of Legal and Governance, which he took over from Karl von Rohr.
Stefan Simon was a member of Deutsche Bank’s Supervisory Board from August 2016 until July 31, 2019 and was Chairman of its Integrity Committee. He is a lawyer and tax consultant and a former partner at Flick Gocke Schaumburg. Since his appointment in July 2019, he has worked for the bank as a Senior Group Director in the relevant departments. In the meantime, regulatory approval has been granted for his move onto the Management Board.
Alexander von zur Muehlen joined Deutsche Bank in 1998 after studying business management. Following a variety of roles in investment banking, lastly as Co-Head of Debt Capital Markets in Europe, he was appointed Group Treasurer in 2009. In this function he managed the bank’s capital, liquidity and funding. In 2017 he was appointed Co-Head of Global Capital Markets and one year later named Global Head of Group Strategy, in summer 2018. In this function he played a key role in preparing the strategy that was announced in summer 2019.